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Tuesday, 2 June 2015

Commodity Market Update (Silver)

Precious metals on Comex are trading with flat note as traders focused on talks between Greece and it’s international creditors. Gold future prices are trading at $1190 per oz, higher by only one dollar while Silver prices are trading at $16.70 an ounce, up by two cents only. On Nymex, WTI Crude Oil prices edged higher to trade at $60.98 a barrel, gained more than one percent on hope that OPEC will maintain their group production target in the forthcoming meet. Natural Gas prices are trading subdued at $2.64 per mmBtu, almost flat. On LME, all the base metals are trading in red except Lead. Lead prices are trading at $1932 per tonne, up by four dollars while Copper is quoting at $6001 per tonne with flat note. Nickel and Zinc are also trading on negative note, down by 105 dollars and 14 dollars respectively.